Category: Uncategorized

During the past week, a design competition has been held on our discord to redesign the Mooncoin logo. The competition was a big success and many great designs have been submitted. After 24 hours of voting, the community has decided on the new face of Mooncoin.

The winning design is made by Larrimar and he won the contest by a landslide. The total tally of votes was 35 for the winner with just 16 for the second place. We’d like to congratulate Larrimar with his victory and have sent him 250.000 Mooncoin as a reward. Are you curious to see how the logo looks on different backgrounds? Then check this out:

Of course, we’d like to thank all contesters for participating in our very first Moonchan contest. And we want to give an honorable mention to our runner-ups, who all had great designs as well.

Nico – 16 votestESTER – 15 votesAbstract – 14 votes

We loved seeing all the awesome designs being posted and we now have a great new Mooncoin logo. Be sure to check it out on the exchanges, it won’t be long before they get updated.

If you’d like to participate in the next contest, just want to have a vote or talk about Mooncoin? Then be sure to join our discord server: https://discord.gg/bDkKww.

Market status

Due to the recent success of getting Mooncoin onto C-CEX exchange, many previous deniers of mooncoin’s capabilities have started to see it’s long term potential growth.

There was an amazing surge upwards last night, breaking the ATH (All time high), and the current value seems to have stabilized at around 5 SAT (0.00000005 BTC).

Mooncoin is now the hottest BTC trading pair on all three of it’s exchanges, so make sure to check the links below, research the coin’s potential and invest as you see fit.

Community Status

Our community on the discord server is growing bigger all the time, with around 100-200 active members throughout the week. There are multiple new features being added all the time, both informative and fun, so come in and check them out.

Redectro’s “Moon Radio”

Redectro has recently added a new bot which lets you request music via a youtube link in the chat channel #song-request to be played in the Moon Radio voice channel for yourself and other users to listen to.

Moonchan

Moonchan has had an upgrade!
If you don’t know who this is, its our friendly bot who keeps everyone informed about current market information. User Kaibutsu has slaved away into long hours of the night to bring us this wonderful asset, so make sure you give him credit when you see him and vote in the poll to donate some funding for his hard work!

With only ~0.1 BTC in votes needed to get us into first place, there’s a real opportunity for Mooncoin to win this weeks vote.

If you have some spare BTC lying around (at least 0.001) then this contribution will really benefit the entire Mooncoin community in the long run.

Votes will not be reset, so there is potential to get on there next week even if we miss out this time around. However, with such a small gap we should aim to close it while we can and move Mooncoin even further forward!

What is a cryptocurrency?

Cryptocurrency is digital money. It can be used just like any other type of money you control, except for the fact that this money exists solely on hardware like your phone or computer. You can even download a wallet application onto your device to store your digital coins in for later use, or you can keep them in online wallets for quicker, but less secure access.

Because cryptocurrencies are relatively new technology, not all places you go will accept this form of digital cash. However, with increased usage, more and more online vendors are opening up their cash registers to allow you to purchase goods and services in crypto!

Here are a few advantages to this:

Low (or no) transaction fees

You don’t have to risk entering any credit/debit card information

All transactions are recorded, permanently, on what is called a blockchain

It’s also important to note that cryptocurrency can’t be counterfeited due to transactions being recorded on a blockchain that is verified across a large peer to peer network.

Some examples of cryptocurrencies include Bitcoin, Ethereum, Dogecoin, and Mooncoin. There are now numerous cryptocurrencies out there, and each one has a unique flavor to it, but these are a few of my favorites.

What is a blockchain?

The blockchain is what makes cryptocurrency technology really remarkable. A blockchain is a digital ledger made up of blocks of data that typically store transaction information.

Here’s how it works: When a transaction is made, the request is sent to a computer, usually called a node, on a peer to peer network. That node will verify that the requested transaction is valid, and combine that transaction with several others to form a block of data. Other computers on the network will also verify the transaction, and the block will get added to the blockchain.

Every single node on the network has a copy of this chain, and every copy of the blockchain is verified to be exactly the same. This is important because it prevents counterfeit. For example, let’s say I have one Mooncoin in my wallet, and I want to copy it by trying to send it two places at once. I make a send request of one Mooncoin to my friend and make another send request of one Mooncoin to another wallet I own. The two transactions will get sent to two different nodes. After those nodes verify their transactions and send them to the rest of the network, some nodes will get one transaction, and other ones get the other.

This is starting to sound like a big problem, but it’s not. The transaction that is verified by the most nodes becomes valid and is added to the official blockchain. The other one is simply ignored. This ensures that no one can damage the value of the coin by producing counterfeits.

Also, since the blockchain is stored on every single node, nobody can go into their own copy and edit the transaction history. This makes the blockchain decentralized. That means that no single organization or person holds the ledger, so the system can’t be cheated. The blockchain is held by every single computer on the network to ensure fair exchange.

If you have any questions, or if you have any suggestions for what I should write about next, then just drop a comment down below!

An algorithm switch from scrypt has been brought up in order to put more power into the hands of the everyday user.
Possible options include Argon2 and Skein.
This is still up in the air, so any thoughts on this are welcome from the public.

Exchanges

Bittrex was always the next goal for Mooncoin, however previous attempts to get listed got the usual policy response of not commenting on whether or not a coin will be entering their marketplace. Social media exposure and increased daily volume will definitely be a key method to catch their attention.